Mercantile Ventures Ltd Announces Quarterly Financial Results and Re-appoints Whole-time Director
Mercantile Ventures Limited released its Un-Audited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2026, following a Board meeting held on August 14, 2026. The company also announced the re-appointment of Mr. E N Rangaswami as Whole-time Director.During the Board meeting, directors reviewed and approved the quarterly financial results. Additionally, the company set the date for its next general assembly.
Key decisions from the board meeting included:
- Re-appointment of Mr. E N Rangaswami (DIN: 06463753) as Whole-time Director (WTD) for a three-year period, effective December 05, 2026, until December 04, 2029.
- Scheduling the 25th Annual General Meeting of the Company on Thursday, September 24, 2026, at 11:00 AM [IST] via Video Conferencing (VC) or other Audio-Visual Means (OAVM).
Unaudited Standalone Financial Results Overview
The company provided unaudited standalone financial results for the quarter ended June 30, 2026. The results are presented below:| Particulars | Q Ended 30/06/2026 (Lakhs) | Q Ended 31/03/2026 (Lakhs) | Q Ended 30/06/2025 (Lakhs) | Y Ended 31/03/2026 (Lakhs) |
|---|---|---|---|---|
| Income | ||||
| Income from Operations | 1,020.26 | 1,074.34 | 1,021.22 | 4,299.56 |
| Other Income | 166.74 | 198.50 | 1.46 | 250.28 |
| Total Income | 1,187.00 | 1,272.84 | 1,022.68 | 4,549.84 |
| Expenses | ||||
| Cost of Services | 786.42 | 912.30 | 788.33 | 3,443.00 |
| Employee Benefit Expense | 36.46 | 37.64 | 33.94 | 141.70 |
| Finance Costs | 6.21 | 1.35 | 5.45 | 10.65 |
| Provision Expenses | 170.85 | 196.88 | 232.22 | 787.50 |
| Profit / (Loss) from Operations | 168.15 | 100.64 | 5 | - |
| Tax Expense: Current Tax | 74.43 | 58.32 | - | - |
| Tax Expense: Deferred Tax | 21.05 | (72.85) | (9.45) | (-111.35) |
| Profit / (Loss) before Tax | 72.93 | 17 | - | - |
| Net Profit / (Loss) for the period | 71.66 | 113.71 | -141.70 | 59.61 |
Unaudited Consolidated Financial Results
The consolidated results provide a broader view of the Group's performance across its subsidiaries and associates.| Particulars | Q Ended 30/06/2026 (Lakhs) | Q Ended 31/03/2026 (Lakhs) | Q Ended 30/06/2025 (Lakhs) | Y Ended 31/03/2026 (Lakhs) |
|---|---|---|---|---|
| Income | ||||
| Income from Operations | 2,303.23 | 2,367.40 | 2,107.55 | 9,333.69 |
| Other Income | 247.86 | 209.38 | 13.05 | 301.08 |
| Total Income | 2,551.09 | 2,576.78 | 2,120.60 | 9,634.77 |
| Expenses | ||||
| Cost of Services | 792.42 | 913.95 | 782.61 | 3,423.32 |
| Employee Benefit Expense | 1,329.25 | 1,235.04 | 1,091.75 | 4,947.21 |
| Finance Costs | 6.21 | 1.37 | 5.45 | 18.61 |
| Depreciation/Amortization Expense | 1036 | 21.6 | 90.05 | - |
| Other Expenses | 913.88 | 239.90 | 913.88 | 913.88 |
| Profit / (Loss) from Operations | 216.26 | 160.42 | (43.18) | 249.63 |
| Tax Expense: Current Tax | 74.43 | 75.10 | 24.24 | 176.63 |
| Tax Expense: Deferred Tax | 20.03 | (87.01) | (9.14) | (-126.16) |
| Profit / (Loss) before Tax | 121.80 | 172.33 | (58.28) | 199.16 |
| Net Profit / (Loss) for the period | 120.53 | - | (-111.95) | 594.64 |
Operational and Corporate Updates
The financial results incorporate figures from a scheme of amalgamation involving India Radiators Limited, which was approved by the NCLT on July 8, 2026. The effective date of this amalgamation was July 23, 2026, with the appointed date being January 01, 2025, necessitating appropriate restatements for previous periods in the financial data.The review reports noted that the consolidated figures are derived from the parent company's management submissions and include results from subsidiaries such as I3 Security Private Limited, Walery Security Management Limited, and Chitaranjan Developers LLP.
MERCANTILE Stock Price Movement
As of 12:03 PM, shares of Mercantile Ventures Limited are slipping by 1.24% in live trading, currently priced at ₹23.80 after shedding ₹0.30 per share. The stock has traded a total volume of 4,243 shares during the session, remaining near its intraday low of ₹23.61.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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